Gorging on Debt to Survive the COVID-19 Economy
Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.
Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.
According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.
Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.
When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.
The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”
In the midst of a stock market bubble like this one, everyone from Warren Buffet down to the shoeshine boy has some great tips for you.
Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.
In the midst of a stock market bubble like this one, everyone from Warren Buffet down to the shoeshine boy has some great tips for you.
Central bank policies that rely on ultralow interest rates have been shown to bring economic stagnation. Unfortunately, central bankers don't seem to have any other ideas.